China big five banks' margins narrow as property woes persist
Edited By WION Video Desk
Published: Apr 30, 2024, 05:45 IST | Updated: Apr 30, 2024, 05:45 IST
China's property crisis is putting pressure on major lenders. Embattled developer china vanke is facing liquidity issues, with talks of a bond swap failing. This could lead to loan growth moderation for banks like ICBC and Agricultural Bank of China in 2024. Investors will be watching these banks' earnings reports for signs of trouble, as net interest margins are already shrinking due to the property woes.
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